The trade balance deficit (FOB/CIF) accounted for 27.211 billion euros in January-October this year, in Romania, higher by 3.993 billion euros (+17.2%) compared to the figure for the same interval last year, according to data published on Tuesday by the National Institute of Statistics (INS).During the mentioned period, FOB exports amounted to 77.731 billion euros, down by 1.2%, and CIF imports amounted to 104.943 billion euros, up by 3%, compared to the same period in 2023.Important shares in the structure of exports and imports are held by the following product groups: machinery and transport equipment (47% for exports and 36.4% for imports) and other manufactured products (28.8% for exports and 28.9% for imports).The value of intra-EU27 trade in goods during the period 1 January - 31 October 2024 was 56.244 billion euros for shipments and 75.796 billion euros for imports, representing 72.4% of total exports and 72.2% of total imports.The value of extra-EU27 trade in goods in the same period was 21.487 billion euros in exports and 29.146 billion euros in imports, representing 27.6% of total exports and 27.8% of total imports.In October 2024, FOB exports amounted to 8.449 billion euros, and CIF imports amounted to 12.174 billion euros, resulting in a deficit of 3.724 billion euros. Compared to October 2023, exports in October 2024 increased by 0.5%, and imports increased by 8.6%.According to the INS, the FOB/CIF trade balance is calculated based on the value of FOB exports and CIF imports, as the difference between them. The negative balance of the trade balance is called a deficit, and the positive one is called a surplus.
Romanian author Mircea Cărtărescu is on the longlist for this year’s International Booker Prize, the influential award for translated fiction, with the novel Solenoid, translated into English by Sean Cotter and published at Pushkin Press. He is the first Romanian author to be longlisted for the prize, alongside 12 other authors nominated for the International Booker […]
Investors from Western Europe, particularly Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active buyers of real estate assets in Romania over the past five years (2019–2024), making investments totaling EUR 1.75 billion, according to data from real estate consultancy Cushman & Wakefield Echinox. The Western European's market share accounted for […]
On Tuesday, February 25, the Bucharest Stock Exchange (BVB) granted 20 awards to listed companies, brokerage companies, as well as to private pension and investment funds for their achievements in 2024 as part of the 12th edition of the BVB Awards. In the opening speeches, stock exchange officials also highlighted the growth of the local […]
Romanian football club FCSB announced on Tuesday, February 25, that its website has been targeted by a Distributed Denial of Service (DDoS) attack, which has caused disruptions in the online ticketing process. The incident occurred as the Bucharest team was selling tickets for the match against Olympique Lyon in the Europa League round of 16. […]
The training program in sustainable development runs from April to July 2025, in 5 development regions of Romania. The postgraduate course targets over 1,200 future experts in sustainable development, who will become local leaders of change. The total value of the training program is RON 5.3 million, with funding entirely sourced from the National Recovery […]
A new report from Colliers highlights significant trends in Romania's housing market for 2025, revealing a continued rise in home prices, limited new supply, and increased demand for rental properties. The findings show that while housing deliveries fell by 15% nationwide and over 20% in Bucharest, demand increased by 7% in 2024. As a result, […]
